49
Penthouse, New Golden Mile
€ 8.900.000
- 4 bed
- 4 bath
- 597 m²
Ref R5350465
Estepona, Costa del Sol
Asking price€ 9.000.000
Investment opportunity in the center of Estepona, located on Calle Mondéjar, a pedestrian street very close to the new boulevard, shops, services and within walking distance to the sea. The property sits on a plot of approximately 209 m² with 420 m² currently built, requiring full renovation or demolition, making it ideal as an urban plot for a new development project. According to urban planning regulations, it is possible to build a building with ground floor plus two additional floors, allowing the development of several apartments in one of the most sought-after areas of Estepona town center. Ideal for investors or developers.
Spain adds roughly 8 to 13% on top of the price, depending on whether it is a resale or a new build. Here is the honest arithmetic for this home, so nothing surprises you at the notary.
Indicative only. ITP in Andalusia is 7%; new build is 10% VAT plus 1.2% stamp duty. Notary, land registry and legal fees are estimates. Your lawyer confirms the exact figures. Mortgage costs are not included.